Phoenix Group wrote £6bn of BPA premiums in 2023

H2 2023 performance includes seven BPA transactions in covering £2.8bn of premiums

Jasmine Urquhart
clock • 2 min read
Phoenix Group reported strong BPA activity across 2023
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Phoenix Group reported strong BPA activity across 2023

Phoenix Group has said it delivered its 2025 growth target “two years early” having written around £6bn of bulk purchase annuity (BPA) premiums in 2023, an increase from the previous year’s £4.8bn.

Announcing its 2023 results on the London Stock Exchange, the insurer, which looks after the Standard Life brand, said in the second half of the year, seven BPA transactions were delivered covering...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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